🔸 4H CHART EXPLANATION:
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🔸Price is facing the Support Zone at the previous lows.
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🔸We consider that if price bounces here, it could be a bullish move towards the Descending Trendline of the last bearish impulse.
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🔸Before trading in that direction, we will wait for the short term Descending Trendline to be broken.
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🔸 Will look for a lower timeframe bullish setup.
🔸 DAILY CHART ANALYSIS:
.
.
🔸Price is facing the Support Zone at the previous lows.
.
🔸We consider that if price bounces here, it could be a bullish move towards the Descending Trendline of the last bearish impulse.
.
🔸Before trading in that direction, we will wait for the short term Descending Trendline to be broken.
.
🔸 Will look for a lower timeframe bullish setup.
🔸 DAILY CHART ANALYSIS: